Press release
Marine Audio Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Harman International, Garmin, Sony Corporation, JBL, Crestron, Pioneer Corporation, West Marine, JL Audio
Marine Audio Global Market Report
The Business Research Company's Marine Audio Global Market Report 2023 identifies the growing recreational boating industry is expected to propel the growth of the marine audio market going forward. The recreational boating industry refers to the area of the economy that deals with producing, distributing, and using boats and related equipment for pleasure and enjoyment. The marine audio system gives boaters amusement and dependable sound quality in the unique and sometimes tricky marine environment.
The global marine audio market is expected to grow from $1.81 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global marine audio is expected to reach $1.95 billion in 2027 at a CAGR of 1.5%.
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Major players in the marine audio market are Harman International, Garmin, Sony Corporation, JBL, Crestron, Pioneer Corporation, West Marine, JL Audio, JVC Corporation, Kenwood Corporation, KICKER, Boss Audio Systems, Steinway Lyngdorf, Merdian, MTX Audio, The Faurecia Clarion Electronics Co. Ltd., Stinger, Rockford Corporation, Paradigm, Memphis Car Audio, James Loudspeaker, MB Quart, Poly-Planar LLC, Maxxsonics USA, Sonance, Stillwater Designs and Audio Inc., and Wet Sounds.
A key trend in the Marine Audio market includes the Technological advancements are a key trend gaining popularity in the marine audio market. Major companies operating in the marine audio market are adopting new technologies to sustain their position in the market.
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The Marine Audio market is segmented -
1) By Product: Speaker, Subwoofer, Stereo Receiver, Amplifier
2) By Boat Type: Inboard, Outboard, Sterndrive, Other Boats
3) By Technology: Wired, Wireless
4) By Sales: Original Equipment Manufacturer (OEM), Aftermarket
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Marine Audio market.
The Business Research Company's "Global Marine Audio Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Marine Audio Market Include:
1. Executive Summary
2. Marine Audio Market Characteristics
3. Marine Audio Market Trends And Strategies
4. Marine Audio Market - Macro Economic Scenario
5. Marine Audio Market Size And Growth
……
27. Marine Audio Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Audio Market
29. Marine Audio Market Future Outlook and Potential Analysis
30. Appendix
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